Yantai Tayho Advanced Materials Co.Ltd(002254)
Year 2021
audit report
Index page number
Audit report financial report of the company
- consolidated balance sheet 1-2
- balance sheet of parent company 3-4
- consolidated income statement 5
- income statement of the parent company 6
- consolidated cash flow statement 7
- cash flow statement of the parent company 8
- Consolidated Statement of changes in shareholders' equity 9-10
- statement of changes in shareholders' equity of the parent company 11-12
- Notes to financial statements 13-103
ShineWing certified public accountants, Chaoyang men North Street, Dongcheng District, Beijing Tel: + 86 (010) 65542288, 9 / F, block a, Fu Hua Manson,
ShineWing No.8, Chaoyangmen Beidajie,
Dongcheng District, Beijing, fax: + 86 (010) 65547190 certified public accounts 100027, P.R. China facile: + 86 (010) 65547190
audit report
XYZH/2022BJAA50274
Yantai Tayho Advanced Materials Co.Ltd(002254) all shareholders:
1、 Audit opinion
We have audited the financial statements of Yantai Tayho Advanced Materials Co.Ltd(002254) (hereinafter referred to as Yantai Tayho Advanced Materials Co.Ltd(002254) company), including
It includes the consolidated and parent company's balance sheet as of December 31, 2021, and the consolidated and parent company's income statement and balance sheet in 2021
Cash flow statement of the parent company, consolidated statement of changes in shareholders' equity of the parent company and notes to relevant financial statements.
In our opinion, the attached financial statements are prepared in accordance with the provisions of the accounting standards for business enterprises in all material aspects and are fair
It reflects the consolidated and parent company's financial status of Yantai Tayho Advanced Materials Co.Ltd(002254) company as of December 31, 2021 and the consolidated and parent company in 2021
Operating results and cash flows of the parent company.
2、 Basis for forming audit opinions
We conducted our audit in accordance with the auditing standards for Chinese certified public accountants. The "responsibilities of certified public accountants for the audit of financial statements" in the audit report further expounds our responsibilities under these standards. In accordance with the code of professional ethics for Chinese certified public accountants, we are independent of Yantai Tayho Advanced Materials Co.Ltd(002254) company and have fulfilled other responsibilities in terms of professional ethics. We believe that the audit evidence we have obtained is sufficient and appropriate, which provides a basis for our audit opinion.
3、 Key audit matters
The key audit matters are the most important matters that we consider to audit the current financial statements according to our professional judgment. The response to these matters is based on the overall audit of the financial statements and the formation of audit opinions. We will not express separate opinions on these matters. 4. See note 30 of accounting policies for details of revenue recognition; See note VI and 39 for details of disclosure.
Countermeasures in key audit matters
In 2021, Yantai Tayho Advanced Materials Co.Ltd(002254) company consolidated ① to understand and evaluate the management's relevant issues related to revenue recognition
The main business income is 4392371500 yuan, which mainly focuses on the design and operation effectiveness of internal control; From finished products of spandex, meta aramid and para aramid ② sales revenue selected from accounting records and delivery records of sales revenue.
As revenue is one of the important financial indicators, I take samples, check the contract, delivery note, delivery note and other information related to the sales with the management in order to achieve specific goals or expectations, and manipulate the inherent risk of revenue recognition time point in combination with accounts receivable confirmation procedures. Therefore, I evaluate the authenticity and integrity of revenue recognition;
We regard revenue recognition as a key audit matter. ③ Carry out analytical procedures for income and cost, including: analysis of the fluctuation of income, cost and gross profit margin of each month in the current period, comparative analysis of income, cost and gross profit margin of main products in the current period and the previous period, and evaluate the accuracy of income recognition; ④ For export sales, check the sales records with export sales documents such as export declaration form and sales invoice, query the customs declaration information and verify the authenticity of export income; ⑤ Select a sample of revenue transactions recorded before and after the balance sheet date, check the delivery note and other supporting documents, and evaluate whether the revenue is recorded in the appropriate accounting period.
4、 Other information
Yantai Tayho Advanced Materials Co.Ltd(002254) the management of the company (hereinafter referred to as the management) is responsible for other information. Other information includes the information covered in the 2021 annual report of Yantai Tayho Advanced Materials Co.Ltd(002254) company, but does not include the financial statements and our audit report.
Our audit opinion on the financial statements does not cover other information, and we will not issue any form of assurance conclusion on other information.
In combination with our audit of the financial statements, our responsibility is to read other information and consider whether other information is materially inconsistent with the financial statements or the information we have learned in the audit process, or there seems to be material misstatement.
Based on the work we have performed, if we determine that there is a material misstatement in other information, we should report that fact. In this regard, we have nothing to report.
5、 Responsibilities of management and governance for financial statements
The management is responsible for preparing the financial statements in accordance with the provisions of the accounting standards for business enterprises to achieve a fair reflection, and designing, implementing and maintaining necessary internal control so that the financial statements are free from material misstatement caused by fraud or error.
When preparing the financial statements, the management is responsible for evaluating the going concern ability of Yantai Tayho Advanced Materials Co.Ltd(002254) company, disclosing matters related to going concern (if applicable), and applying the going concern assumption, unless the management plans to liquidate Yantai Tayho Advanced Materials Co.Ltd(002254) company, terminate operation or have no other realistic choice.
The management is responsible for supervising the financial reporting process of Yantai Tayho Advanced Materials Co.Ltd(002254) company.
6、 Responsibilities of certified public accountants for the audit of financial statements
Our goal is to obtain reasonable assurance on whether the financial statements as a whole are free from material misstatement due to fraud or error, and issue an audit report containing audit opinions. Reasonable assurance is a high-level assurance, but it does not guarantee that the audit performed in accordance with the audit standards will always be found when a major misstatement exists. Misstatement may be caused by fraud or error. If it is reasonably expected that the misstatement alone or in summary may affect the economic decisions made by the users of the financial statements based on the financial statements, the misstatement is generally considered to be significant.
In the process of carrying out the audit work in accordance with the audit standards, we use professional judgment and maintain professional doubt. At the same time, we also carry out the following work:
(1) Identify and assess the risks of material misstatement of financial statements due to fraud or error, design and implement audit procedures to deal with these risks, and obtain sufficient and appropriate audit evidence as the basis for issuing audit opinions. Since fraud may involve collusion, forgery, intentional omission, misrepresentation or override of internal control, the risk of failing to find major misstatement caused by fraud is higher than that caused by error.
(2) Understand the internal control related to audit in order to design appropriate audit procedures, but the purpose is not to express an opinion on the effectiveness of internal control.
(3) Evaluate the appropriateness of accounting policies selected by the management and the rationality of accounting estimates and related disclosures.
(4) Draw conclusions on the appropriateness of management's use of going concern assumptions. At the same time, according to the audit evidence obtained, draw a conclusion on whether there are major uncertainties in the matters or circumstances that may lead to major doubts about the sustainable operation ability of Yantai Tayho Advanced Materials Co.Ltd(002254) company. If we conclude that there is significant uncertainty, the auditing standards require us to draw the attention of statement users to the relevant disclosures in the financial statements in the audit report; If the disclosure is insufficient, we should express a non unqualified opinion. Our conclusions are based on the information available as of the date of the audit report. However, future events or circumstances may cause Yantai Tayho Advanced Materials Co.Ltd(002254) company to be unable to continue its business.
(5) Evaluate the overall presentation, structure and content of the financial statements, and evaluate whether the financial statements fairly reflect relevant transactions and events.
(6) Obtain sufficient and appropriate audit evidence on the financial information of entities or business activities in Yantai Tayho Advanced Materials Co.Ltd(002254) company to express audit opinion on the financial statements. We are responsible for guiding, supervising and implementing the group audit, and take full responsibility for the audit opinions.
We communicated with the management on the planned audit scope, schedule and major audit findings, including the internal control defects that we identified in the audit.
We also provide a statement to the management that we have complied with the professional ethics requirements related to independence, and communicate with the management all relationships and other matters that may reasonably be considered to affect our independence, as well as relevant preventive measures (if applicable).
From the matters communicated with the management, we determine which matters are the most important for the audit of the current financial statements, thus constituting key audit matters. We describe these matters in the audit report, unless laws and regulations prohibit the public disclosure of these matters, or in rare cases, if the negative consequences of communicating a matter in the audit report are reasonably expected to exceed the benefits in the public interest, we determine that we should not communicate the matter in the audit report.
ShineWing Certified Public Accountants (special general partnership) Chinese certified public accountant: Liang Zhigang
(project partner)
Chinese certified public accountant: Miao Lijing
Beijing, China April 7, 2002
December 31, 2021
Prepared by: Yantai Tayho Advanced Materials Co.Ltd(002254) unit: RMB
Project notes December 31, 2021 December 31, 2020
Current assets:
Monetary capital VI. 1245208892436244776011514
Trading financial assets VI. 251292614119
Derivative financial assets
Notes receivable
